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Having already crossed the $70 mark, Twitter stock continues to surge.
Shares of the social network are up 3% in pre-market trading at $72.05. Over the past 30 days, Twitter stock has skyrocketed by 75%.
The reason? According to a Bloomberg report following Twitter's Christmas Eve climb, investors think the company will be able to rake in more advertising revenue.
Twitter has been on a tear since its initial public offering launched last month, when shares were priced at $26.
Meanwhile, BlackBerry shares are down 1.4% after co-founder Michael Lazaridis revealed he was dropping a bid to acquire the struggling smartphone maker.
The Wall Street Journal reports Lazaridis also cut back his stake in the company to under 5%.
This comes one week after the company announced a whopping $4.4 billion loss for the third quarter, as its lineup of BlackBerry 10 devices remain weak. BlackBerry also revealed a five-year partnership with Taiwanese manufacturer Foxconn to create a smartphone for 'fast-growing markets.'
Follow Brett Molina on Twitter: @bam923. USA NOW
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